Tuesday, April 21, 2015

Tech Bubble? Not Likely...

SECRET PROPERTY ALERT: 306 Capetown Ct in Novato $339,000 - 3 bedroom 1.5 bath 2 story condo end unit with inside laundry and a 2 car carport. New paint and flooring. On the MLS this Thursday. Email me for a private showing. Potential rent of between $2,000 and $2,300/mo.
 

FOR SALE:
19820 Graystone Ln
in San Jose $1,150,000 – Build your own custom dream home at the top of Graystone Ln with spectacular views of Almaden Valley. A serene and private 1+ acres lot nestled on top of the hill awaits your design. Top rated/Blue ribbon Almaden Schools, Graystone, Bret Harte and Leland. Recent conceptual plans for development are available. Ample room for a pool and all other fun backyard amenities. CALL ME to arrange a private viewing.
  

Sold:
1355 Scossa Ave in San Jose $810,000 – Beat out 2 other offers and got the offer accepted below the highest offer!

MUST READ: Current tech boom is no dot-com bubble, experts say
Silicon Valley's tech cup runneth over. Job growth is humming, coders are being lionized on HBO, Uber and its shared-economy cohorts are on fire, disrupted innovation is unfolding on every corner. And everyone from downtown San Jose to Oakland's Uptown to San Francisco's South of Market is…
(To read this article please visit my Facebook Fan Page https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:

  • Assisted a seller with a boundary line adjustment to increase a property’s value.
  • Advised a seller on repairs that would bring a high rate of return on investment.
  • Conducted a rent rate analysis to help determine if now is the right time to sell a tri-plex.


THINGS I CAN HELP WITH:
Looking for a home in a specific school district? My
website can do that for you.
Looking for a home with an “open floorplan” or “big backyard”? My
website can do that too.
Email me for these CUSTOM services.

Selling before buying can be really tricky in a market like this, but you do have options. Let me help by first
filling out this form so I can get started on pricing your current home, and then we can discuss options to prevent a double move, or worse, not being able to buy the replacement!

FORECAST: This market isn’t showing any signs of slowing down yet. Multiple offers is all that anyone is talking about. Buying is really tough in this market, so preparing early helps. Sellers need to make sure that you are getting maximum exposure otherwise you could be leaving thousands on the table, especially in a hot market. If you are thinking about making a move call me so we can discuss your specific situation.

RECAP: Santa Clara County
Demand for housing in Santa Clara County is very very strong. Buying opportunities will remain limited until more people bring their home to the market.

RECAP: San Mateo County
San Mateo County sales are very strong as well. I think the trend for the coming months will be consistent with the previous 6 months. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.


MORTGAGE RATES:
Loan Amount
Rate
30 Day Trend
$625K 30yr
3.625%
-0.13%
$417K 30yr
3.500%
-0.12%

SNAPSHOT:

Housing Inventory Snapshot
March 28, 2015
March 2015
Average List Price
30 Days Trend
Median List Price
30 Days Trend
Average DOM: active/sold
30 Days Trend
Number of Listings
Alameda County, CA
Single Family under $1M
$592,027
1.52%
$599,000
0.07%
36
-7
601
Single Family over $1M
$1,798,343
-6.35%
$1,495,000
-0.33%
52
-8
226
Condo/Townhome under $600K
$398,193
0.72%
$389,999
2.63%
34
-7
158
Condo/Townhome over $600K
$747,740
2.48%
$725,000
0.89%
28
6
38
San Mateo County, CA
Single Family under $1M
$771,652
0.78%
$770,000
2.67%
28 / 19
-4 / -1
104
Single Family over $1M
$4,026,928
5.68%
$2,035,000
N/A**
78 / 20
1 / 5
230
Condo/Townhome under $600K
$440,256
2.92%
$439,000
-4.36%
16 / 32
1 / 23
33
Condo/Townhome over $600K
$963,881
3.72%
$749,000
-2.09%
67 / 12
-3 / -7
18
Santa Clara County, CA
Single Family under $1M
$717,219
0.77%
$719,995
-0.69%
34 / 13
0 / -6
473
Single Family over $1M
$2,665,158
-4.07%
$1,899,000
-0.05%
56 / 16
-10 / -4
470
Condo/Townhome under $600K
$419,956
0.99%
$415,000
2.47%
26 / 10
-4 / -11
86
Condo/Townhome over $600K
$1,024,224
2.92%
$889,000
11.26%
14 / 12
0 / 2
33
San Francisco County, CA
Single Family over $575K
$2,356,854
1.85%
$1,088,000
-12.89%
49
3
144
Condo/Townhome over $340K
$1,514,832
-5.02%
$1,095,000
N/A**
44
-1
213

The table represents aggregated values based on MLS data for the specified date.
As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
Direct: (415) 236-3826
nathan@nathanproperties.com
www.nathanproperties.com